The following information relates to Creed Company for a recent time period: Sales = $8,000,000. Total variable
Fantastic news! We've Found the answer you've been seeking!
Question:
The following information relates to Creed Company for a recent time period:
Sales = $8,000,000.
Total variable costs = $3,600,000.
Total fixed costs = $2,500,000.
Tax rate = 21%.
Assuming cost patterns will behave similarly in the future, what must sales dollars be to earn an after-tax profit of $2,370,000?
Related Book For
Government and Not for Profit Accounting Concepts and Practices
ISBN: 978-1118983270
7th edition
Authors: Michael Granof, Saleha Khumawala, Thad Calabrese, Daniel Smith
Posted Date: